General Assembly Proposed Bill No. 5723 January Session, 2017 LCO No. 1297 *01297* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. General Assembly Proposed Bill No. 5723 January Session, 2017 LCO No. 1297 *01297* Referred to Committee on FINANCE, REVENUE AND BONDING Introduced by: REP. FERRARO, 117th Dist. AN ACT REPEALING THE CORPORATE INCOME TAX SURCHARGE. Be it enacted by the Senate and House of Representatives in General Assembly convened: That chapter 208 of the general statutes be amended to repeal the twenty per cent corporate income tax surcharge. Statement of Purpose: To repeal the twenty per cent corporate income tax surcharge.